Help please! I have attached all necessary charts to complete questions.

Section 1 Homework Section 1 Homework Section 1 Homework Most Company has an opportunity to invest in one of two new projects. Project Y requires a $350,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $350,000 investment for new machinery with a three-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year Project Y Sales $ 395,000 Project Z $ 325,000 Expenses Direct materials 55,300 40,625 Direct labor 79,000 48,750 Overhead including depreciation 142,200 146,250 Selling and administrative expenses 28,000 29,000 Total expenses 304,500 264,625 Pretax income 90,500 60,375 Income taxes (26%) 23,530 15,698 Net income $ 66,970 $ 1. Compute each project's annual expected net cash flows. 44,677 Section 1 Homework Project Y Project Z Net income Depreciation expense $66,970 $44,677 Expected net cash flows 2. Determine each project's payback period Payback period Choose Numerator: ? / / ? Project Y Project Z Choose Denominator: = = Payback period Payback period = 0 = 0 3. Compute each project's accounting rate of return. Choose Numerator: ? Project Y Accounting rate of return Choose / = Accounting rate of return Denominator: / ? = Accounting rate of return 0 Project Z 4. Determine each project's net present value using 9% as the discount rate. Assume that cash flows occur at each year-end Section 1 Homework Project Y Chart values are based on: n= i= Select chart Amount ? x Table factor = Present Value = $0 Net present value Project Z Chart values are based on: n= i= Select chart Net present value Amount x Table factor = Present Value = $0 Section 1 Homework Part 2: Section 1 Homework Section 1 Homework Manning Corporation is considering a new project requiring a $96,500 investment in test equipment with no salvage value. The project would produce $75,000 of pretax income before depreciation at the end of each of the next six years. The company's income tax rate is 36%. In compiling its tax return and computing its income tax payments, the company can choose between the two alternative depreciation schedules shown in the table. Straight-Line Depreciation Year 1 $ 9,650 Year 2 19,300 Year 3 19,300 Year 4 19,300 Year 5 19,300 Year 6 9,650 Totals $96,500 MACRS Depreciation $19,300 30,880 18,528 11,117 11,117 5,558 $ 96,50 0 1. Complete the following table assuming use of straight-line depreciation. Net cash flow equals the amount of income before depreciation minus the income taxes. Income StraightTaxable Income Net Cash Before Line Income Taxes Flows Depreciation Depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 2. Complete the following table assuming use of MACRS depreciation. Net cash flow equals the income amount before depreciation minus the income taxes. Income MACRS Taxable Income Net Cash Before Depreciation Income Taxes Flows Depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 3. Compute the net present value of the investment if straight-line depreciation is used. Use 8% as the Section 1 Homework discount rate. Chart values are based on: i= Year Net cash inflow x Table factor 1 2 3 4 5 6 = Present Value = = = = = = Net present value 4. Compute the net present value of the investment if MACRS depreciation is used. Use 8% as the discount rate. Chart values are based on: i= Year 1 2 3 4 5 6 Net present value Net cash inflow x Table factor = = = = = = = Present Value